Mount Yale Investment Advisors LLC Has $742,000 Stake in Edison International (NYSE:EIX)

Mount Yale Investment Advisors LLC increased its stake in shares of Edison International (NYSE:EIX) by 3.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,487 shares of the utilities provider’s stock after acquiring an additional 387 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Edison International were worth $742,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors increased its stake in shares of Edison International by 23.0% in the fourth quarter. Capital Research Global Investors now owns 19,999,563 shares of the utilities provider’s stock worth $1,429,769,000 after purchasing an additional 3,734,550 shares during the period. Norges Bank bought a new position in Edison International during the fourth quarter valued at about $210,327,000. M&G Plc bought a new stake in shares of Edison International in the 1st quarter worth approximately $85,436,000. Capital International Investors increased its position in shares of Edison International by 6.4% during the first quarter. Capital International Investors now owns 13,297,917 shares of the utilities provider’s stock valued at $940,562,000 after purchasing an additional 795,950 shares during the period. Finally, Morningstar Investment Services LLC raised its stake in shares of Edison International by 98.1% in the fourth quarter. Morningstar Investment Services LLC now owns 1,347,664 shares of the utilities provider’s stock valued at $96,492,000 after purchasing an additional 667,273 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insider Buying and Selling

In other Edison International news, CEO J Andrew Murphy sold 9,794 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $75.07, for a total transaction of $735,235.58. Following the transaction, the chief executive officer now owns 19,660 shares in the company, valued at $1,475,876.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Edison International news, SVP Caroline Choi sold 10,004 shares of Edison International stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $75.77, for a total transaction of $758,003.08. Following the transaction, the senior vice president now directly owns 26,918 shares in the company, valued at $2,039,576.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO J Andrew Murphy sold 9,794 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $75.07, for a total value of $735,235.58. Following the completion of the sale, the chief executive officer now owns 19,660 shares of the company’s stock, valued at $1,475,876.20. The disclosure for this sale can be found here. Insiders sold a total of 106,892 shares of company stock valued at $8,125,323 over the last three months. Company insiders own 1.03% of the company’s stock.

Edison International Trading Up 0.5 %

Shares of EIX stock traded up $0.38 on Tuesday, reaching $78.58. 290,388 shares of the stock were exchanged, compared to its average volume of 2,003,891. The stock has a 50 day moving average price of $73.85 and a 200 day moving average price of $70.90. The stock has a market cap of $30.35 billion, a PE ratio of 34.30 and a beta of 0.91. Edison International has a one year low of $58.82 and a one year high of $79.50. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.03 and a quick ratio of 0.96.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 25th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Edison International had a net margin of 6.60% and a return on equity of 13.01%. The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 8th will be given a $0.78 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.12 annualized dividend and a dividend yield of 3.97%. Edison International’s dividend payout ratio is currently 136.84%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of Edison International from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Morgan Stanley lowered their price target on Edison International from $64.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, June 24th. Wells Fargo & Company boosted their target price on shares of Edison International from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday. Barclays increased their target price on shares of Edison International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group began coverage on shares of Edison International in a research note on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $78.27.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.